Health Wizz to roll out blockchain platform to help patients sell medical data

Health Wizz plans to launch a blockchain-based mobile platform for medical data in March 2018, the company announced Nov. 30.

Through the mobile platform, Health Wizz aims to offer patients a single record of their medical data, which they can manage and share with providers and caregivers. The Health Wizz platform stores a signature of a patient's medical record on the blockchain, and provides each patient with secure control over who can access the information.

Company officials also plan to issue a cryptocurrency and digital token called OmCoin to select pharmaceutical companies, health payers, medical providers and research organizations to encourage patients to contribute their medical data to the organizations' investigative efforts. With these tokens, the companies will be able to pay patients to share their medical data.

"We envision a future where consumers own their medical health data and can easily organize and share their records, in a secure fashion, at little to no cost," said Raj Sharma, CEO of Health Wizz.